Pivot Solutions, developer of IMTRADER, the instant messaging network and trading tool for brokers and fund managers, today announced significant enhancements with IMTRADER version 3.4.
New York, NY (PRWeb) December 23, 2006 -- Pivot Solutions, developer of IMTRADER, the instant messaging network and trading tool for brokers and fund managers, today announced significant enhancements with IMTRADER version 3.4.
"This release reflects our focus on functionality that brings greater responsiveness and effectiveness to our clients' workflows," said Pivot CEO Furqan Nazeeri. "Our clients are telling us that they want the benefits of IMTRADER in international trading and the speed of IM when sweeping the markets for liquidity," Nazeeri continued.
IMTRADER 3.4 adds the ability to trade international equities via IM, with order completion using Pivot's patent-pending IM-to-FIX technology. Anonymous trading in crossing networks -- or "dark pools" -- is of increasing interest to traders and IMTRADER version 3.4 adds the ability to sweep pools for hidden liquidity by simply clicking on an IM Buddy ID, making IMTRADER a valuable tool for algo traders.
"These capabilities provide competitive advantages to traders and fund managers as they increasingly rely on instant messaging," observes Nazeeri. "We can see that they value the speed and immediacy of IM, and IMTRADER delivers that in a tool that is optimized for capital markets."
In addition to these enhancements, IMTRADER version 3.4 delivers the ability to track and manage message blasts; automatically identifying which recipient received, opened and responded to a message with the ability to quickly re-send to those who did not respond. Message Prioritization feature shows all open conversations in a single window, color-coded for immediate recognition of the most important customers and orders. Chat Rooms, one of the most popular features in IMTRADER, archive conversations so that users can quickly check what was said. "The bottom line is that IMTRADER makes an individual trader more informed, more responsive, and more valuable to his or her customer," says Nazeeri.
As with all versions of IMTRADER, the latest release continues to advance the IM experience with innovative forms of message notification, detachable chat tabs and Distribution List sharing across groups.
Currently, IMTRADER has more than 2,000 users in institutional sales and trading, serves over 350 hedge fund organizations and has traded over three billion shares.
About Pivot Solutions
Pivot Solutions services the communications and trading needs of institutional traders through its product IMTRADER. IMTRADER integrates trading technologies with rich instant messaging functionality specifically developed for traders and their customers. Over 2,000 IMTRADER community members choose the IMTRADER platform to stay connected, improve responsiveness, and generate more time for value-creation activities. This includes over 350 buy-side firms who have used IMTRADER to trade over 3 billion shares.
Pivot Solutions has operated since 2002 and is backed by Eze Castle Integration, Softbank Capital, Draper Fisher Jurveston Gotham Ventures and Hudson Ventures.
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